Elias Ernesto Reyes Fonseca
Status: Paying Back
| $500.00 | Loan Amount |
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56% repaid
About the Entrepreneur
| Name: | Elias Ernesto Reyes Fonseca |
|---|---|
| Location: | Managua, Nicaragua |
| Activity: | Transportation |
About the Loan
| Loan Amount: | $500.00 |
|---|---|
| Loan Use: | To buy tires for his vehicle because the old tires are in bad shape |
| Repayment Term: | 12 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | May 2, 2009 |
| Date Disbursed: | Apr 28, 2009 |
| Date Funded: | May 5, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | AFODENIC |
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| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 23 months |
| Kiva Entrepreneurs: | 2917 |
| Total Loans: | $1,664,275 |
| Delinquency Rate: | 0.03% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Nicaragua |
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| Avg Annual Income: | $3,636.00 |
| Currency: | Nicaragua Cordobas (NIO) |
| Exchange Rate: | 20.1610 NIO = 1 USD |
Elías Ernesto Reyes, 48, lives in the Villa Reconciliación neighborhood in Managua. He and his wife have three children ages 3, 16, and 17.
He is a bricklayer and a pork butcher. He started with his father’s help. His father taught him the trade so that he could get ahead. Butchering pork has been another investment to help his family.
With this loan he will buy tires for his vehicle. The ones he has now are in bad condition. This vehicle is important to his business in order to transport the pigs he buys. This is his fifth loan cycle with Afodenic, which is very beneficial. Thanks to these loans he has been able to make improvements to his house. With the last loan he was able to put in the drain to install the toilet and provide better hygienic conditions. He is grateful to the institution for the achievement of his goals.
El señor Elías Ernesto Reyes, tiene la edad de 48 años, reside en el bario Villa Reconciliación en la ciudad de Managua, su esposa le tiene tres hijos de 3,16 y 17 años de edad, el se desempeña de albañil y destace de cerdo. El inicio con ayuda de su papa ya que le enseño el oficio para sobresalir adelante, el destace de cerdo ha sido otro ingreso para ayudar a su familia. Con este crédito va a comprar llantas para su vehiculo ya que las que tiene están en mal estado, este vehiculo es de importancia para su negocio, por el acarreo de la compra de cerdo. Es te es su quinto ciclo en Afodenic el cual es de mucho beneficios ya que gracias a estos prestamos ha podido hacer mejoras a su casa, con el préstamo anterior pudo hacer el sumidero para instalar el inodoro y estar en mejores condiciones de higiene. Da las gracias a la institución por sus metas alcanzadas.
He is a bricklayer and a pork butcher. He started with his father’s help. His father taught him the trade so that he could get ahead. Butchering pork has been another investment to help his family.
With this loan he will buy tires for his vehicle. The ones he has now are in bad condition. This vehicle is important to his business in order to transport the pigs he buys. This is his fifth loan cycle with Afodenic, which is very beneficial. Thanks to these loans he has been able to make improvements to his house. With the last loan he was able to put in the drain to install the toilet and provide better hygienic conditions. He is grateful to the institution for the achievement of his goals.
Translated from Spanish by Ginny Kalish, Kiva Volunteer
El señor Elías Ernesto Reyes, tiene la edad de 48 años, reside en el bario Villa Reconciliación en la ciudad de Managua, su esposa le tiene tres hijos de 3,16 y 17 años de edad, el se desempeña de albañil y destace de cerdo. El inicio con ayuda de su papa ya que le enseño el oficio para sobresalir adelante, el destace de cerdo ha sido otro ingreso para ayudar a su familia. Con este crédito va a comprar llantas para su vehiculo ya que las que tiene están en mal estado, este vehiculo es de importancia para su negocio, por el acarreo de la compra de cerdo. Es te es su quinto ciclo en Afodenic el cual es de mucho beneficios ya que gracias a estos prestamos ha podido hacer mejoras a su casa, con el préstamo anterior pudo hacer el sumidero para instalar el inodoro y estar en mejores condiciones de higiene. Da las gracias a la institución por sus metas alcanzadas.
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Journal entries for Elias Ernesto Reyes Fonseca
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Loan has been disbursed
Location: Managua, Nicaragua
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Posted by
from Managua, Nicaragua
May 6, 2009 |
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Comment on this entry
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Repayment Schedule for Elias Ernesto Reyes Fonseca
Repayment Schedule for Elias Ernesto Reyes Fonseca
| Expected Repayments | Actual Repayments | Comments | |||
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| July 2009 | $0.00 | $67.43 | |||
| August 2009 | $55.56 | $54.47 |  Repayment Received
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| September 2009 | $55.56 | $0.00 | Repayment Received
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| October 2009 | $55.56 | $49.53 | Repayment Received
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| November 2009 | $55.56 | $50.81 | Repayment Received
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| December 2009 | $55.56 | $59.38 | Repayment Received
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| January 2010 | $55.56 | Available Jan 1 | |||
| February 2010 | $55.56 | Available Feb 1 | |||
| March 2010 | $55.56 | Available Mar 1 | |||
| April 2010 | $55.52 | Available Apr 1 | |||
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